9-14-2026 Lakewood Reinvestment Authority Study Session Video

The Lakewood Reinvestment Authority held a virtual study session on September 14, 2026, focusing on the 2027 budget and updates on urban renewal projects. Executive Director Will Chan presented the revised 2026 budget and proposed 2027 budget, highlighting the success of recently closed urban renewal areas such as Alameda I and II and Creekside, which have significantly increased assessed values and supported thousands of jobs. The discussion included plans for successor tools like a Downtown Development Authority to continue investment in areas like Belmar and Lakewood Commons. The Authority is also advancing projects along the West Colfax corridor, including a $10.5 million investment from the LRA and $10 million from the Economic Development Fund to support redevelopment, housing, and a new entertainment district anchored by an event center and production studio. The Sheridan Boulevard Urban Renewal area is in formation, with ongoing negotiations expected to conclude by early 2027. The meeting emphasized upcoming RFPs for redevelopment and community engagement, environmental and market feasibility studies for potential land assemblage, and strategic planning through the Lakewood Investment and Future Transformation (Lyft) roadmap. Commissioners expressed strong support for the vision and requested updates on specific projects and community involvement plans.